The Housing “Bottom” Is Now–Or Not

[socalarm]

here we go again…

[4plexowner]

“Precisely why it is not too late to short the homebuilders. … Shorting the homebuilders now could yield 2x – 6x return.”

4plex: sounds to me like someone with experience shorting stocks giving advice

“I know nothing about shorting and options, so I decided to play it safe.”

4plex: sounds quite a bit different than the first post

[powayseller]

4plex, I understand the concept of shorting and puts, and am very confident the homebuilders and lenders have much further to fall, but am clueless about the entry and exit points. However, I would love to learn more about this, so could you tell us more about how you decide on your entry points on puts? Do you have puts now?

I think I’m causing too much problems with my questions about shorting WaMu and homebuilders. I thought it would be an interesting discussion, and maybe I would make a final decision and jump in myself. I even bought a book about options. But then I realized it is too risky for me.

Do you guys really think that everybody who reads this forum should be buying options or they are idiots too? This is maybe off-topic, but I find the personal insults toward me interfere with the discussion, and makes me enjoy this forum less and less. And you know what happens when people have had enough – they just find better places to hang out.

[4plexowner]

powayseller, the point I was trying to make is that you come across as someone with knowledge giving advice and then you don’t follow your own advice – worse yet, you back away from your original advice by saying “I don’t know anything about what I was giving advice about”

~

I have finally realized that people don’t need my bad advice and they won’t follow my good advice, so for the most part, I don’t give anyone advice about anything (except when I do).

[Author]

Posts